Tri Pointe Homes Inc (Delaware) TPH.N reported quarterly adjusted earnings of 68 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.25. The mean expectation of seven analysts for the quarter was for earnings of 68 cents per share. Wall Street expected results to range from 64 cents to 73 cents per share.
Revenue fell 23.5% to $884.01 million from a year ago; analysts expected $808.60 million.
Tri Pointe Homes Inc (Delaware)'s reported EPS for the quarter was 68 cents.
The company reported quarterly net income of $60.75 million.
Tri Pointe Homes Inc (Delaware) shares had risen by 10.1% this quarter and lost 3.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 6.6% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the homebuilding peer group is also "buy"
Wall Street's median 12-month price target for Tri Pointe Homes Inc (Delaware) is $38.50, about 8.6% above its last closing price of $35.19
This summary was machine generated from LSEG data July 24 at 01:32 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)